Why Is Bitcoin's Price Surging Above $30,000? 📈
#bitcoin 's price surged to over $30,000 today, reaching a two-month high.
The surge follows the SEC dropping #charges against Ripple's leadership and growing institutional interest in Bitcoin, fueled by spot ETF applications.
The upcoming Bitcoin #halving in 2024 is also boosting optimism. Reduced Bitcoin supply on exchanges is seen as a bullish sign.
In the past 24 hours, over $30.1 million in BTC shorts were liquidated. The market sentiment is shifting from fear to neutrality, indicating a positive outlook for Bitcoin.
